The stock of Caretrust REIT Inc (NASDAQ:CTRE) is a huge mover today! The stock increased 0.34% or $0.05 during the last trading session, hitting $14.78. Caretrust REIT Inc (NASDAQ:CTRE) has risen 21.84% since March 2, 2016 and is uptrending. It has outperformed by 13.58% the S&P500.
The move comes after 5 months negative chart setup for the $862.55M company. It was reported on Oct, 5 by Barchart.com. We have $13.60 PT which if reached, will make NASDAQ:CTRE worth $69.00M less.
Analysts await Caretrust REIT Inc (NASDAQ:CTRE) to report earnings on November, 3. They expect $0.28 earnings per share, up 40.00% or $0.08 from last year’s $0.2 per share. CTRE’s profit will be $16.34 million for 13.20 P/E if the $0.28 EPS becomes a reality. After $0.27 actual earnings per share reported by Caretrust REIT Inc for the previous quarter, Wall Street now forecasts 3.70% EPS growth.
Caretrust REIT Inc (NASDAQ:CTRE) Ratings Coverage
Out of 7 analysts covering Caretrust REIT (NASDAQ:CTRE), 5 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 71% are positive. Caretrust REIT has been the topic of 9 analyst reports since August 12, 2015 according to StockzIntelligence Inc. Wells Fargo initiated the stock with “Market Perform” rating in Tuesday, July 26 report. The stock has “Hold” rating given by Zacks on Wednesday, August 12. As per Monday, August 24, the company rating was initiated by Raymond James. Stephens initiated Caretrust REIT Inc (NASDAQ:CTRE) rating on Wednesday, September 14. Stephens has “Overweight” rating and $16 price target. RBC Capital Markets initiated the shares of CTRE in a report on Thursday, September 24 with “Outperform” rating. Barclays Capital initiated it with “Equal-Weight” rating and $16 target price in Monday, August 22 report. The stock of Caretrust REIT Inc (NASDAQ:CTRE) earned “Overweight” rating by KeyBanc Capital Markets on Thursday, September 10. The rating was maintained by Canaccord Genuity with “Buy” on Monday, August 15. The firm has “Outperform” rating given on Thursday, January 14 by BMO Capital Markets.
According to Zacks Investment Research, “CareTrust REIT, Inc. is a real estate investment trust. It is primarily engaged in the ownership, acquisition and leasing of healthcare-related properties. The Company leases healthcare facilities to healthcare operators in triple-net lease arrangements. CareTrust REIT, Inc. is based in United States.”
More important recent Caretrust REIT Inc (NASDAQ:CTRE) news were published by: Ocbj.com which released: “REIT in First of Three Development Deals” on August 11, 2016, also Reuters.com published article titled: “BRIEF-CareTrust REIT acquires Oaks”, Globenewswire.com published: “CareTrust REIT Acquires Virginia Independent and Assisted Living Community” on May 03, 2016. More interesting news about Caretrust REIT Inc (NASDAQ:CTRE) was released by: Seekingalpha.com and their article: “CareTrust REIT: Lots Of Value In This Reliable Dividend Payer” with publication date: February 16, 2016.
CTRE Company Profile
CareTrust REIT, Inc., incorporated on October 29, 2013, is a self-administered, self-managed real estate investment trust (REIT). The Firm is primarily engaged in the ownership, acquisition and leasing of healthcare-related properties. The Company’s segment consists of investments in healthcare-related real estate assets. The Company’s real estate portfolio includes approximately 120 skilled nursing facilities (SNFs), assisted living facilities (ALFs) and independent living facilities (ILFs). The Company’s portfolio has approximately 100 SNFs, over 20 ALFs and approximately four ILFs. The Company’s facilities leased to The Ensign Group, Inc. have a total of approximately 10,120 beds and units, and are located in Arizona, California, Colorado, Idaho, Iowa, Nebraska, Nevada, Texas, Utah and Washington. The Company’s facilities leased affiliates of Pristine Senior Living have a total of approximately 1,260 beds and units, and are located in Ohio. The Company’s other properties have a total of over 770 beds and units, and are located in Colorado, Florida, Georgia, Idaho, Minnesota, Virginia and Washington. The Company’s ILFs have a total of approximately 260 units and are located in Texas and Utah.
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